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The Financial Impact of AI: A Trend You Cannot Afford to Ignore
In 2012, Amazon purchased Kiva Systems, a robotics company that manufactured automated guided vehicles that could be used to pick products from the warehouse and pack them for shipping. The “click to ship” cycle time fell from 60-plus minutes to 15, decreasing operating costs by 20 percent, increasing inventory capacity by 50 percent, and prompting…
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